Gold prices stabilized on Friday and headed for the fourth consecutive weekly increase, in light of the general weakness of the US dollar, which was pressured by the increase in the yield on Treasury bonds, as well as expectations of a US interest rate hike. And by 0319, gold prices …
Read More »Eyebrows Lifted as Wall Street Still Moves Before Trump Speaks
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Memory Chip Stocks Face Turbulence Amid AI Breakthrough
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Explainer: How War Reset the Wall Street’s Compass
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Dollar Dominance Returns: Geopolitical Tensions Push Global Markets Into Defensive Mode
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Powell’s Upcoming April FOMC Meeting: Key Takeaways for Traders and Investors
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Gold Slips as Geopolitical Tensions and Interest Rate Fears Weigh on Markets
Gold prices moved lower on Thursday, reversing recent gains as global uncertainty and shifting econo…
Volkswagen’s Anchor Investor Turns to Defence After Earnings Hit
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Oil Climbs Above $106 as Middle East Tensions and Supply Risks Intensify
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Market Analysis
August, 2022
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12 August 2022 3:28 am
Market Drivers – US Session – Thursday, August 11
The US dollar seesawed between gains and losses on Thursday, ending the day lower against most major rivals. Wall Street opened the day firmly higher amid more signals of receding US inflationary pressures, as the July Producer Price Index advanced by 9.8%, below expected.The EUR/USD pair peaked at around 1.0360 …
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12 August 2022 2:58 am
RBNZ expected to decide 50bps hike in August
The Reserve Bank of New Zealand is expected to stick to its hawkish stance and go on with a fourth straight half-point rate hike, in August, continuing its most aggressive tightening in over two decades in an attempt to control the country’s stubbornly-high inflation,” as per the latest Reuters poll …
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12 August 2022 1:30 am
S&P 500 closes flat, Nasdaq dips as market comeback rally eases
US Stocks struggled for direction on Thursday as investors mulled another better-than-expected inflation report.The S&P 500 closed down less than 0.1%, while the Nasdaq Composite slumped 0.6%. The Dow nudged upward by 28 points, or less than 0.1%. The three major averages opened the session higher but lost steam as …
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12 August 2022 12:27 am
GBP/USD struggles around 1.2200 ahead of UK GDP data
The GBP/USD pair is facing hurdles around 1.2200 as investors await UK GDP data. A vulnerable UK GDP will accelerate troubles for the BOE while higher Initial Jobless Claims have supported the US dollar at lower levels.The pair is expected to remain subdued as investors are awaiting the release of …
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11 August 2022 11:39 pm
The Merge Boosted Cryptos On Thursday
Crypto values jumped early on Thursday as Ethereum moved a few steps closer to “The Merge.” This is generally seen as a bullish move for crypto use cases because Ethereum has the largest base of developers and many tokens are on the Ethereum blockchain.The value of Ethereum was up as …
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11 August 2022 10:49 pm
USD/CAD battles after US PPI decelerates
The USD/CAD pair extended its losses for the second straight day as sellers eye a break of the 200-DMA. July’s US inflation reports show signs of peaking, with CPI at 9% YoY and PPI at 10% YoY, below their previous month’s readings.The USD/CAD is trading at 1.2738 under its opening …
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11 August 2022 9:53 pm
EU Faces Worsened Energy Crisis On Soaring Demand
European power prices have surged to fresh records on Thursday as recurrent hot weather waves are contributing to limit energy supplies and wildfires rage across France. Wildfires have been raging in the country, leading President Emmanuel Macron to enlist help from across Europe to join 10,000 French firefighters to battle …
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11 August 2022 9:12 pm
Gold slides away from $1800 on soaring US T-yields
Gold has dived in the negative direction for the day after a reversal from near $1800. The Gold Index peaked at $1799 during the US trading session and then turned to the downside falling around $1785.Thursday’s data showed the Producer Price Index in the US dropped by 0.5% in July, …
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11 August 2022 8:22 pm
US Stocks rise on signs of easing inflation
Futures point to Wall Street gains following Wednesday’s rally and US Stocks jumped for a second day Thursday as investors cheered another better-than-expected inflation report.The Dow Jones Industrial Average rose 182 points, or nearly 0.5%. The S&P 500 added 0.5%, and the Nasdaq Composite rose 0.2%.Investor sentiment got a boost …
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11 August 2022 7:43 pm
EUR/USD retreats as US Dollar Index trims losses
The US July PPI drops unexpectedly in July while jobless claims hit monthly highs. The US dollar remains in negative territory, even as US yields rise.The EUR/USD pair is up for the fifth consecutive day, holding under Wednesday’s top. The pair has failed to break Wednesday’s highs around 1.0355 and …
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11 August 2022 6:59 pm
Disney stock pops on earnings, surpasses Netflix subscribers
Those who are looking for signs of a recession are advised not look at Disney’s earnings report or the performance of Disney plus, in particular. Disney plus is only 18 months old, a really incredible performer.Disney stock surged by 73% in its theme park revenue year over year and smashed …
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11 August 2022 4:55 pm
OPEC cuts full-year 2022 world oil demand growth forecast to 3.1 million bpd
In its monthly report published on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) said that it lowered the 2022 full-year demand growth forecast to 3.1 million barrels per day (bpd) from 3.36 million bpd, as reported by Reuters.
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